S2 E11: Retirement 101 - How & Why To Start Saving Now

Retirement might feel like a problem for later in life...especially if you’re freelancing, auditioning, or stacking side hustles just to make rent right now. But planning for retirement is one of the most powerful things a creative person can do to protect themselves. In this episode, Carissa and Emma Claire break down retirement in a clear, approachable way and explain how artists can start building security even without a 401k or consistent income.

WHAT WE TALKED ABOUT:

• What a retirement account actually is
• Why creatives need to care about retirement
• The difference between Roth IRAs, 401ks, and brokerage accounts
• Why Roth IRAs are especially powerful for freelancers, performers, and self-employed creatives
• How compound interest works and why starting early matters
• The order of operations for saving if you have access to multiple accounts
• How to automate retirement contributions so saving happens without extra effort

LINKS AND RESOURCES:

• Helpful Nerd Wallet Articles!
• The best index funds and how to start investing
• Investing 101
• Retirement 101
• Brokerages mentioned: Fidelity, Schwab, and Vanguard
• Break Your Budget with Michela Allocca

CONNECT WITH US:

• Instagram: @showbiz.pod
• TikTok: @showbiz.pod
• Website: www.showbizpod.com

That’s all for now. See you next week! Xoxo